340 B Health

“The 990 is reviewed internally by the Senior Vice President of Operations, the President & CEO, and the Audit Committee. The full board reviews and approves form 990 prior to filing.”

“The organization requires the Board of Directors, Officers, and all staff to disclose any conflicts of interest in writing on an annual basis. Board members are required to sign and abide by the 340B Health conflict of interest policy, which includes the requirement that board members identify potential conflicts of interest when they arise and remove themselves from all discussion and voting on such matters.”

“Compensation for the President and CEO is reviewed and approved by the Executive Committee of the Board of Directors, based on advice from a compensation consultant and prior compensation history for the CEO role. The President and CEO determines compensation for the other officers and key employees based on performance, a compensation consultant study undertaken biannually, and compensation information provided by the American Society of Association Executives based on most recent data.”

“Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104, and thus are not made available to the public.”

“340B Health has dues-paying members, however no members have voting rights.”

“340B Health is a membership organization of more than 1,600 public and private nonprofit hospitals and health systems participating in the federal 340B drug pricing program. To support our members, 340B Health monitors, educates, and serves as an advocate on federal legislative and regulatory issues related to drug pricing and other matters affecting safety-net providers. We provide a wide variety of education programs and materials to assist our members in operating fully-compliant, high-quality programs. Our membership consists of a broad spectrum of hospitals, including academic medical centers, community hospitals, children's hospitals, and critical access hospitals.”

“The Organization's Audit Committee assumes responsibility for oversight of the audit of its financial statements. The process is consistent with previous years.”